Evening MarketProfile report dated 07th Sept

The dual auction which has been aggressively dominated by bears this last week continued on Friday but for a change, after the first 30 minutes of the session, the sellers stayed away and the Buyers dominated the auction on Friday to close at the highest point. The auction tested the Failed auction zone at 11650F where we had seen supply twice in the week gone by. After being absent for most of the session the sellers showed up again aggressively at the close near 11640 levels. On the OrderFlow charts, we witnessed heavy selling which was as big as the responsive buying seen at 11470F. Between these 2 polarities at 11640F and 11470F lies the future of this interesting auction of September.